nicoacademia

nicoacademia

targetting 1.884-1.875 as tp wish me luck

nicoacademia

105.1 on the weekly for longer term investors.

nicoacademia

TGIF as friday closes out the weekly candle closes out. Expecting a poke down into the 117.60 area based on negative momentum that has been building up. The week ending 13th March 2015 prodded the highs in Dec 2014 and was sold down from. Expecting support to come in from the area at both a demand level as well as the lower bollinger band.

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For the past 6 weeks, the weekly pivot had been rising. This week it has snapped. This coupled with bearish price action and an expanding bollinger band, i am looking to see AAPL end up testing 121.00 at least.

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we are working our way from the bottom of the bollinger band to the top of it. this is also confirmed by the stochastics. fundamental events up ahead include BoE's decisions(expected to be no change), announcements by BOJ and NFP tomorrow.

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past 10 weeks has seen gold attack below 1180 but failed to close below it. moreover it has closed within the bollinger band and this week is now making its move out up towards the upper bollinger band. we target 1300-1330 area firstly.

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If you flipped the monthly chart of the eurusd upside down. it would look really bullish. now flip it back to it's normal orientation and this is what it looks like. This trade will not happen within the next year, nor the next 2 or 3. Look it took 10 years to go up, churn the highs and then come back down to this price level. Therefore I would give this trade...

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After churning the highs for the last 11 trading days, real bearish momentum has appeared. Long term the moving averages point up. However if you look at where price is now, it leaves traders who bought during those 11 days stuck in the red. How much margin do they have? Can they withstand before they are forced to sell? Using just a simple fib retracement...

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We see a bollinger squeeze breaking out. We also see a trendline from years back breaking. The following levels are highly probable targets 1160 area. 1070 area. and 970 area.

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Previous breakout in 2013 lasted 7-8weeks. I expect the same for 2014's. 1.27 extension of the wedge as energy is released from this compression pattern.

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Expecting a correction to come provided bearish candle holds

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if this weekly candle ending 7th March closes bullish it will open up a move potentially towards tp1 103.8 tp2 105.2

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having seen ADP confirm the strength of the US economy and hence backing up the FED's stance of tapering we expected the next 2 days to confirm to minimum of tp1 at 1.3475 and possible extension down to 1.3435 next week or so.

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THIS IS FOR EURAUD (my bad!) :X having seen ADP confirm the strength of the US economy and hence backing up the FED's stance of tapering contrasted with the hawkishness of the RBA over the next day where they release their monetary statement... we expected the next 2 days to confirm to minimum of tp1 at 1.50485 and possible extension down to 1.49576 next week or so.

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Continuation pattern detected just before RBA announcement later Expect to sell into rallies on bearish confirmation trigger

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Looking to move up to 50.0 and even 61.8 fib. the low that was breeched earlier this week at 177.30 was bought into.

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expect to buy dips or ride the train depending on how it opens tomorrow. at following price levels for TP 180.12, 180.96, 181.84, 182.22 short term impact. potential to follow through afterwards but we take it as it comes as we can't predict the price formations/path.

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Expecting weakness in GBP and strength over NZD. GBP BOE statement and NZD Rate decision are factors this week to facilitate such a large volatility move.